Oakwood Apartments in Kissimmee, FL

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Tips & Advice

What are the benefits of hiring a property management company?

Some of the key benefits of hiring a property management company include:

Better tenants: The best property management companies are skilled at tenant screening. This can help you attract a higher caliber of tenants to your building. Effective tenant screening can bring in tenants who are more likely to pay their rent in a timely fashion, and who are more likely to remain long-term residents of the building. Screening can also provide you with tenants who are less likely to damage the rental property.

Shorter vacancy cycles: If a tenant moves out, it can take awhile to find a qualified replacement. It's in your best interest to keep this vacancy cycle as short as possible, since you won't be earning any money from an empty unit. Skilled property managers can handle the process of finding a replacement tenant quickly and effectively. This results in shorter vacancy cycles.

Freedom from the day-to-day responsibilities associated with property management: If you manage a property yourself, you'll have to deal with things like rent collection, tenant complaints, and maintenance and repair issues. These responsibilities can be bothersome and time-consuming. Hiring a property management company will help you avoid having to deal with these tasks on a daily basis.

Reduced tenant turnover. Tenant turnover can impact the profitability of a rental unit. The best property management companies know how to keep their tenants happy, and happy tenants are a lot less likely to move out of the building and a lot more likely to take reasonable rent increases in stride.

How to find a property manager?

Use the following steps to find and hire a property manager:

Get referrals, or conduct an online search: Start by getting referrals from sources you trust. Be sure to get referrals from multiple sources to avoid bias. You can also conduct an online search to find property management companies that are based in your area.

Check for ratings, reviews, and complaints: Once you're built a list of candidates, check with the Better Business Bureau to see if complaints have been lodged against any of the companies. It's also wise to visit third-party review sites to see what types of ratings and reviews each company has received.

Look at each company's current work. After weeding out those companies with credible complaints and poor reviews, look at the current work of the companies that remain on your list. Evaluate the ads posted by these companies; you'll want to work with a company whose ads project professionalism. Visit buildings managed by these companies, and speak with the tenants. The best property management companies have tenants who are happy with the services they provide.

Conduct interviews with the top candidates: Next, conduct interviews with the property managers who remain on your list. Look for a company with staff members who are responsive to your questions and open to hearing about your priorities and concerns.

Check licensing: At this point, you should have a favorite or two. Before signing on the dotted line, verify that the company is licensed to manage property in your state. In most states, a real estate broker license is required, while a few states require a property management license.

Carefully review the agreement: Once you've been presented with a property management agreement from the company you've chosen, check to make sure it explicitly includes all the duties and responsibilities you'd like the property management company to handle.

Does property management require a license?

In most states, property management requires a real estate broker license. To obtain this license, you need to have a high school diploma or its equivalent, along with at least two or three years of real estate experience. Classes in real estate education are required, as well as passing a real estate broker's exam.In a handful of states, a specific property management license is required before someone can legally manage property. This license is required in Montana, Oregon, South Carolina, and South Dakota.

How much do property management companies charge?

The rates charged by property management companies vary depending on the services provided, and location may also impact the fees charged. Most property management companies charge a rate that totals 8 percent to 12 percent of the property's rental value. Others might charge a flat fee that has nothing to do with rental value, and instead relates to the range of services provided. Property management companies might charge an extra fee for services such as tenant placement and eviction.

What is the job of a property manager?

A property manager is a professional hired by a property owner to handle the day-to-day management of a rental property. A property manager sets rental rates and collects rent from tenants, and is also responsible for finding and screening tenants. Property managers handle property-related maintenance and repair issues, and they can tackle responsibilities related to tenant move-outs, evictions, complaints, and emergencies.

What is an eviction notice?

An eviction notice is a legal document that landlords need to serve tenants to begin the process of having them removed the property. There are different kinds of “eviction with cause” notices that require the renter/lessor to stop violating terms of the lease, with removal from the promises as a final measure if they don’t comply. These are issued when rent is overdue, or when a tenant is in violation of a specific term of a lease. Unconditional evictions are the harshest, and usually only appropriate when a tenant is a repeat violator of a clause, or has done something illegal.There is an “eviction notice without cause,” and many states either don’t allow it, or require landlords to give extra notice--up to 60 days--from the point of serving it to the point when the actual eviction suit can begin. Before entering into an agreement, research the laws in your state.

What happens if rent is not paid on time?

If rent is not paid on time, a variety of things can happen. Sometimes a late fee will be assessed—this will be stipulated in the lease agreement. More commonly, there will be a written warning or even a few-day grace period -- especially if it’s a first-time infringement or if the rent is collected by an individual landlord rather than a management company,If rent goes unpaid for 14 days when there is no lease, the landlord will generally evict. If there is a lease, the landlord will often begin eviction proceedings at 30 days, unless a late payment arrangement has been reached.The more often someone is late with the rent, , the quicker and harsher the landlord’s actions are liable to be. A record of late payment can also negatively impact someone’s ability to get approved for future leases.

What type of maintenance is a renter responsible for?

A renter is usually only responsible for maintenance necessitated by abuse or neglect of the property. Landlord/building management is usually responsible for the rest. However, cosmetic repairs, such as changing light bulbs or washing carpets, is usually left up to the tenant. And even though a landlord might be financially responsible for other maintenance, it’s often left up to the tenant to coordinate and supervise.

What is a sublet?

A sublet is when a person who is leasing an apartment re-rents to another party. The legalities of this are very tricky, and many landlords/managers outright disallow it on the lease document. However, in situations where there’s an established lease-holder who needs to leave for a predetermined length of time, there are legal procedures to sub-lease. Not all landlords might consent, even if the primary lease holder applies in writing and follows legal procedure.It is very important that, when considering a sublet, you understand the situation between the owner and the lease-holder, because in a hostile sub-lease situation, the sub-leaser risks losing the money they paid in rent to the primary lease-holder.

Why do some rentals require first and last month rent upfront?

Some rentals require first and last month rent, because it offers the owner/landlord/building manager a feeling of security that, even in the unforeseen circumstance that the renter/lease holder stops paying the rent, the owner can still be sure to get their rent for one month.

Honestly just search online and you'll get a feel for what this company is all about and overall it's just not good. With so many different stories and bad reviews left by so many people you'd be unrealistic to think that you're going to have a positive experience with Park Avenue Property Management. It's just not likely. Please do your homework before signing on with this group. Good luck!

Disastrously low professionalism. Below average customer service. Search them and read their reviews. They are not good. Do not trust your property with Ashley and this mismanagement team. Renters beware as well. They do not care about you in the least.

Best Property Management in Central Florida, we highly recommend Ackley Florida Property Management . We moved from South Florida six months ago to this area and Evelyn Pacheco made our moving process very pleasant. The staff is very knowledgeable ,courteous, reliable and professional. Every time we had to call for a maintenance issue they returned our phone calls right away and got solved the situation with quality and excellence.

Terrible Customer Service. As a homeowner dealing with them I can tell you they charge ledgers as they please. Furthermore, they do not post payments accordingly. So disappointed. Still waiting on the Managers call.

Elizabeth Camacho is the laziest, rudest and most unprofessional person there!! Never answers her phone or returns voicemails! We finally got ahold of her today only because we called the main office and the receptionist answered. We then find out that Elizabeth is in fact there after having called her and getting no answer! When we talked to her, she was very rude and disrespectful! It's bad enough that we have to constantly call for a maintenance request and never get response back, but then when we do get ahold of her, she's unprofessional and annoyed that we even called her to do her job! For this very reason, we are moving out at the end of our lease because of this lady and the lack of communication! No one should have to put up with that at all!

tay away from this place. I wish I could give them 0/5. Park Avenue Property Mgmt. has such an unprofessional crew. They will say one thing and later change on you. If you do decide to rent from them, please have everything documented before you sign the lease. have a check list ready and ask if the place is free of PESTS. Ask for proof. Do not just take their word. Do not let them pressure you into anything. Keep in mind that once you get the key to the unit, you will be responsible for whatever mess they did not take care of. With that being said, have in writing all the stuff they promise to get done prior to you moving in. Take pictures of the place and send it to the whole group so they will not discredit your claim when your lease is up. They will try to charge you or hold your deposit money.

All Realty is all about getting your money. I hired them to represent me to sell a property fast, I ended up paying for the commission, all the costs/fee. The lady told us a price and asked us to sell because she said it was a good price. So I said yes. But when I received the contract and it was $2,000 less. I called they said if I wanted to sell fast, it would be good for me to pay all the fees. Since I wanted to sell fast, I agreed and when the check came, it was another $500 less. There was so many hidden cost and I think All Realty didn't represent me well. SO BEWARE!!! If anyone wants to hire them. They only want to get as much money from youas possible. And they will not be up front about the fee until it is too late.